31 Jul '15, 3pm

A BIG WIN for a cleaner environment & energy independence: #LNG Tax Fix Passed by US Congress

A BIG WIN for a cleaner environment & energy independence: #LNG Tax Fix Passed by US Congress

Presidential Signature Expected ‘Within the Next Day or Two’ The U.S. Congress has passed legislation requiring that liquefied natural gas be taxed on a diesel gallon equivalent basis, outing on an equal footing, energy-wise, with diesel. This fix reduces the excise tax on LNG from approximately 41.3 cents per diesel gallon equivalent to 24.3 cents per DGE, says NGVAmerica. The language in a federal highway funding bill “corrects a longstanding inequity,” NGVAmerica said today, “and will further expand the use of clean-burning domestic natural gas as a transportation fuel.” “Anyone who cares about a cleaner environment and energy independence should be very grateful for what the U.S. Congress did this week,” Clean Energy Fuels president and CEO said in a release. President Obama is expected to sign the bill into law “within the next day or two,” NGVAmerica says. It takes e...

Full article: http://www.fleetsandfuels.com/fuels/ngvs/2015/07/lng-tax-...

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